Expert Explains Why Binance & Bybit Have Yet to List Pi Network
The Pi Network community has been left wondering why top cryptocurrency exchanges have not listed the asset. A crypto expert has now provided insights into the possible reasons behind this delay, pointing to a lack of transparency from the Pi Core Team.
Transparency Concerns Around Pi Network
A well-known crypto analyst, Dr. Altcoin, recently shared his perspective on why Pi Network remains absent from major exchanges like Binance and Coinbase. According to his analysis on X (formerly Twitter), the primary reason could be the lack of clear communication from the Pi Core Team regarding the project’s tokenomics.
Dr. Altcoin particularly highlighted concerns about the locking mechanism of Pi tokens. He noted that there is little publicly available information on how the billions of Pi coins currently held by the Pi Core Team are being managed.
“The Pi Core Team may not have been transparent enough about the locking and burning mechanism involving the billions of Pi coins currently owned by them,” Dr. Altcoin stated.
Despite increasing speculations about Pi’s potential listing, Binance recently excluded Pi Network from its Vote To List program, raising further questions within the community.
Declining Circulating Supply Raises Concerns
A closer examination of Pi Network’s tokenomics reveals a drop in its circulating supply to 6.77 billion coins. The Pi Core Team recently removed 10 million coins from circulation, a move that Dr. Altcoin believes could be an attempt to control prices before a scheduled token unlock.
“Without transparency, this could easily be perceived as an effort to manipulate the market, especially considering recent trends,” Dr. Altcoin explained.
A previous token unlock had led to a significant price drop, but to prevent a similar situation, the Pi Network team is reportedly working on a burn roadmap. Experts suggest that burning Pi tokens could help maintain price stability.
Alternative Theories Behind Pi’s Listing Delay
While Dr. Altcoin attributes the delay to transparency issues, some Pi Network community members disagree. A segment of the community believes that the real reason is the Pi Core Team’s refusal to pay listing fees to major exchanges.
According to this perspective, the Pi Core Team is seeking a free listing, choosing a longer but more sustainable route rather than paying for immediate inclusion on exchanges.
Currently, Pi is trading at $1, which marks a 66% decline from its all-time high of $2.98 recorded in February.
